Budget Spotlight - Small Business
If you own a small business (ie. you have a turnover of less than $2m) then today you are a WINNER. Last night's budget recognised the significant contribution of small business to the economy and aims to encourage investment and growth. Some of the incentives contained in the Jobs & Small Business Package include: - Immediate tax deduction for assets costing less than $20,000 (for asset purchases made from today to June 2017). Currently, an upfront deduction is only availabl